Everyone has their bets on Online Storage and everything being done online. Microsoft is also going after the online market. They unveiled an online web storage that is beta right now and offered to limited users. So far it is only 500mb of storage but it will most likely be bigger in a future because of other competitors who offer more. Gmail could be used as online storage and offers 3gb so far. AOL offers 5gb, 10 times more than Microsoft. So hopefully it will be good and better or they just lost another market.

Source: Yahoo.com